Got to love Detroit

[L98Terror]

America's slowest-appreciating housing market
Detroit, MI
Key stat: Prices fell 10.5 percent there year over year

Auto industry woes have devastated the Detroit housing market. The loss of more than 10 percent off the median-priced single-family home in the past 12 months only tells part of the story. It does not take into account inflation, and it only factors in houses that have actually sold, not the many others that might be languishing on the market.

Some oversold Florida cities, led by Sarasota, experienced a turndown. The condo market was also weak there, falling 11 percent.

America's most dangerous city
St. Louis, MO
Key stat: 2,405.5 incidents per 100,000 residents

St. Louis nosed out its World Series rival, Detroit, for the dubious distinction of having the highest rate of violent crime for any city in the United States. The level of crime there was more than 40 times that of the nation's safest city, Brick Township, New Jersey.

Most of the most dangerous cities are older cities that industries and jobs have fled, leaving behind mostly poor and uneducated populations.

Check it out
http://money.cnn.com/popups/2006/real_estate/best_worst/index.html



Let's keep voting in the same people again and again....will people ever get it?

 

[wikdsvt]

props to jenny grandwhore and kill em all kirkpatrick

 

[SSunset]

last one out turn off the lights.

 

[AJ 87SC]

HAHAHa Like the comment SSunset..that was perfect..
I have to say I just took advantage of that market and got a great house for DIRT CHEAP...

 

[CMYZ28]

that's why i keep holding out on buying a house haha

 

[Dropd94Ranger]

Let's keep voting in the same people again and again....will people ever get it?

Hmmm.....yeah it even happened on a larger scale in the 2004 Presidential elections. Looks like Michigander's aren't the only people who don't "get it."

 

[foncarelli]

that's why i keep holding out on buying a house haha

Ha ha. Me, too. Even though i am so ready to move and my house is paid for.

 

[91Notch]

Quote:
America's slowest-appreciating housing market
Detroit, MI
Key stat: Prices fell 10.5 percent there year over year

Auto industry woes have devastated the Detroit housing market. The loss of more than 10 percent off the median-priced single-family home in the past 12 months only tells part of the story. It does not take into account inflation, and it only factors in houses that have actually sold, not the many others that might be languishing on the market.

Some oversold Florida cities, led by Sarasota, experienced a turndown. The condo market was also weak there, falling 11 percent.

I wish the city that keeps uping the value of my house, thus raising my taxes could get this through there thick heads

 

[uluz2a6]

Let's keep voting in the same people again and again....will people ever get it?

 

[07TBSS]

After 3 years, new driveway, new sidewalk, new windows, and a new water heater, I lost value on my house. FUCK ROSEVILLE.

 

[L98Terror]

Hmmm.....yeah it even happened on a larger scale in the 2004 Presidential elections. Looks like Michigander's aren't the only people who don't "get it."

The country is doing great as a whole :dontknow:

 

[L98Terror]

Let's keep voting in the same people again and again....will people ever get it?

Thanks for taking this off topic, we are discussing local economics, please explain what you post adds to the economic situation in SEMI?

 

[cASe SenSiTive]

The country is doing great as a whole :dontknow:

What I can't figure out, is that if the rest of the country is doing so great, why aren't the automakers benefiting from that prosperity? :dontknow:

 

[86CamaroZ28]

please explain

or do you mean Cut-and-Paste? :laugh:

 

[uluz2a6]

Thanks for taking this off topic, we are discussing local economics, please explain what you post adds to the economic situation in SEMI?

You voted Republican. Republicans favor Corporate PROFITS over people. Big Business/Republicans want the cheapest labor possible. Cheap labor = outsourcing. You favor taking good paying jobs out of the hands of Michigan workers and giving them to China.

Hence the picture.

 

[SSunset]

HAHAHa Like the comment SSunset..that was perfect..
I have to say I just took advantage of that market and got a great house for DIRT CHEAP...

I wish I was buying now instead of 2 years ago.

 

[moneypit]

I bought 7 years ago and my house is selling for the same amount I paid for it

 

[86CamaroZ28]

I bought 7 years ago and my house is selling for the same amount I paid for it

got lucky there, atleast you broke even.

 

[moneypit]

Not really I spent 4k on a roof finished the basement and redid the bathroom, wife wants windows but I told her its not worth it

 

[CMYZ28]

Not really I spent 4k on a roof finished the basement and redid the bathroom, wife wants windows but I told her its not worth it

In a good economy, what you did would have increased the value of your home. When the economy is where it is right now, your "improvements" get transferred into the "maintainence and upkeep" category..